School district · Morris County, NJ

Boonton Town School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Boonton Town School District took in $38.6 million and spent $46.4 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

School district taxes59%State tax money23%County and local tax money14%Fees for services (school lunches)3.5%Fines and other0.5%

What stands out

14%

of Boonton Town School District's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes59%

Property tax
59%$22.9 million

Fees for services3.5%

Fees for services
3.5%$1.4 million
What's in fees for servicesOther school charges and school lunches
  • Other school charges$1.0 million
  • School lunches$344 thousand

Amounts are by Census type of charge.

State tax money23%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
23%$8.9 million

County and local tax money14%

Money passed on by the county or other local governments.

From the county and other local governments
14%$5.2 million

Fines and other0.5%

Interest, rents and other
0.5%$181 thousand

Where it goes

Schools and colleges97%Sent to other local governments1.6%Interest on debt1.1%

Spending by category100%

Schools and colleges
97%$45.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$45.2 million
Sent to other local governments
1.6%$728 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$718 thousand
  • Sent to the state government$10 thousand
Interest on debt
1.1%$530 thousand
Sources and moreWhere these numbers come from and what they cover

Boonton Town School District. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Boonton Town School District itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.